Unclaimed Life Insurance and Annuity Benefits Act 31A-22-1901 Title. Chapter 15 - LIFE INSURANCE AND ANNUITY CONTRACTS. Section 27-15-52 - Definitions. Section 27-15-51 - Construction and application of article. Section 5. Historically, state unclaimed As used in this part: (1) "Administrator" means the same as that term is defined in Section 67-4a-102. Unclaimed Life Insurance Benefits Act. A model act and state legislation. This part is known as the "Unclaimed Life Insurance and Annuity Benefits Act." Unclaimed Life Insurance Benefits Act In 2011, the National Conference of Insurance Legislators (NCOIL) created the Unclaimed Life Insurance Benefits Act, also known as the NCOIL Model Act, as a standard to govern state unclaimed property policies. INSURANCE AND INSURANCE COMPANIES CHAPTER 20. Section 27-15-53 - Requirements for death master file comparisons. In 2011, life insurers paid out over $62 billion in claims. Purpose. LIFE INSURANCE Part 16. Section 27-15-50 - Short title. Title 27 - INSURANCE. Life insurance companies pay billions of dollars annually in claims on life insurance policies. PROPERTY INSURANCE Part I. Insurable Interest in Property; Over-Insurance Unclaimed Life Insurance Benefits Act 431:10D-651 Short title 431:10D-652 Purpose 431:10D-653 Definitions 431:10D-654 Insurer conduct . The drafting of a comment letter to be submitted to the ULC advising the ULC that the Working Group has formally recommended that the NAIC develop a model law addressing unclaimed death benefits and urging the ULC not to revise the Uniform Act to permit dual regulation of life insurers. Co. (2014), the West Virginia Supreme Court of Appeals unanimously upheld the State’s unclaimed property law. 304.15-420 Unclaimed Life Insurance Benefits Act. Part IX. (a) This Code section shall be known and may be cited as the "Unclaimed Life Insurance Benefits Act." This Act shall require recognition of the Uniform Disposition of Unclaimed Property Act and require the complete and proper disclosure, transparency, and accountability relating to any method of payment for life insurance, annuity, or retained asset agreement death benefits. ARTICLE 10E. TITLE 33. Article 2 - Unclaimed Life Insurance Benefits Act. Of course, when policy benefits go unclaimed, life insurers report the proceeds to the various states according to unclaimed life insurance laws. This is the second amicus brief in which NAUPA advocated that a state’s unclaimed life insurance benefits statute be upheld. part 7 - insurable interest act (§§ 10-7-701 — 10-7-710) Part 8 - UNCLAIMED LIFE INSURANCE BENEFITS ACT (§§ 10-7-801 — 10-7-803) Make your practice more … Enacted by Chapter 259, 2015 General Session 31A-22-1902 Definitions. In the first case, Perdue v. Nationwide Life Ins. (1) The General Assembly declares the purpose of this section shall be to require recognition of the escheat statute, as found in KRS 393A.130, and to require complete and proper disclosure, transparency, and accountability relating to any

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